After trending higher in May, June headwinds worked against gold late in the session sending prices lower.
An uptrend that lasted most of May pushed gold above US$1,900 per ounce to end the month. However, June headwinds worked against the yellow metal late in the session sending prices lower.
Values fell as low as US$1,860 on Thursday (June 3) before a small uptick set in.
Positive growth in the US dollar paired with promising economic data has dampened gold’s ascent above US$1,900.
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